What does Kohl’s 2015 10-K communicate about its stockholders’ equity?
Kohl’s Corporation (KSS) operates department stores in 49 states in the U.S. and has annual sales in excess of $18 billion. Its fiscal year ends on the Saturday closest to January 31 each year. Kohl’s has several line items comprising its stockholder’s equity. See the experts to follow from Kohl’s 2015 Form 10-K: its Consolidated Balance Sheets, an enlarged partial Consolidated Balance Sheet (page F-3), its Consolidated Statements of Changes in Shareholders’ Equity (page F-5), and a section from its Notes to Financial Statements (page F-8).

Discuss the reasoning for the decision behind Kohl’s fiscal year ending “the Saturday closest to January 31 each year”.

Discuss the types and number of shares of stock Kohl’s is authorized to issue.

Discuss the number of shares of common stock issued and outstanding and any changes in the amount throughout the year.

Discuss the affect treasury stock has on total contributed capital. Whis is it subtracted out?

Discuss whether or not Kohl’s accumulated earnings to date exceeded its accumulated losses and dividends declared to date. How do you know?